Ironwood Investment Management LLC Has $3.43 Million Position in Impinj, Inc. (NASDAQ:PI)

Ironwood Investment Management LLC reduced its stake in shares of Impinj, Inc. (NASDAQ:PI) by 1.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,624 shares of the company’s stock after selling 287 shares during the period. Impinj accounts for approximately 1.7% of Ironwood Investment Management LLC’s portfolio, making the stock its 8th biggest holding. Ironwood Investment Management LLC’s holdings in Impinj were worth $3,432,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. National Bank of Canada FI bought a new stake in shares of Impinj during the 3rd quarter worth $30,000. Farther Finance Advisors LLC boosted its holdings in Impinj by 1,084.6% during the third quarter. Farther Finance Advisors LLC now owns 154 shares of the company’s stock valued at $33,000 after acquiring an additional 141 shares during the period. SBI Securities Co. Ltd. acquired a new stake in shares of Impinj in the fourth quarter valued at about $33,000. Jones Financial Companies Lllp increased its stake in shares of Impinj by 205.9% in the fourth quarter. Jones Financial Companies Lllp now owns 260 shares of the company’s stock worth $38,000 after purchasing an additional 175 shares during the period. Finally, IFP Advisors Inc lifted its position in shares of Impinj by 116.5% during the 4th quarter. IFP Advisors Inc now owns 368 shares of the company’s stock worth $53,000 after purchasing an additional 198 shares during the last quarter.

Insider Transactions at Impinj

In related news, CEO Chris Ph.D. Diorio sold 8,334 shares of the firm’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $98.78, for a total transaction of $823,232.52. Following the completion of the sale, the chief executive officer now directly owns 354,076 shares of the company’s stock, valued at $34,975,627.28. This trade represents a 2.30 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Cathal G. Phelan sold 210 shares of the business’s stock in a transaction on Tuesday, December 24th. The stock was sold at an average price of $146.06, for a total value of $30,672.60. Following the completion of the transaction, the insider now directly owns 6,979 shares in the company, valued at approximately $1,019,352.74. This represents a 2.92 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 22,323 shares of company stock valued at $2,454,588. 51.00% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on PI shares. StockNews.com lowered Impinj from a “hold” rating to a “sell” rating in a report on Friday, January 24th. Susquehanna dropped their target price on shares of Impinj from $260.00 to $220.00 and set a “positive” rating on the stock in a research report on Wednesday, January 22nd. Needham & Company LLC reduced their price target on shares of Impinj from $182.00 to $130.00 and set a “buy” rating for the company in a report on Thursday, February 6th. The Goldman Sachs Group dropped their price objective on shares of Impinj from $200.00 to $132.00 and set a “neutral” rating on the stock in a report on Thursday, February 6th. Finally, Piper Sandler reduced their target price on shares of Impinj from $235.00 to $140.00 and set an “overweight” rating for the company in a research note on Thursday, February 6th. One analyst has rated the stock with a sell rating, one has given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Impinj presently has a consensus rating of “Moderate Buy” and a consensus price target of $183.44.

Impinj Stock Up 1.0 %

NASDAQ:PI opened at $90.34 on Friday. The firm has a 50-day moving average price of $116.06 and a 200 day moving average price of $162.17. The firm has a market capitalization of $2.58 billion, a PE ratio of 66.43 and a beta of 1.98. Impinj, Inc. has a 12-month low of $84.17 and a 12-month high of $239.88.

Impinj (NASDAQ:PI) last posted its earnings results on Wednesday, February 5th. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.48 by ($0.49). Impinj had a return on equity of 7.11% and a net margin of 11.15%. On average, research analysts expect that Impinj, Inc. will post -0.47 EPS for the current year.

Impinj Company Profile

Impinj, Inc operates a cloud connectivity platform in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. Its platform wirelessly connects items and delivers data about the connected items to business and consumer applications. The company’s platform comprises endpoint ICs, a miniature radios-on-a-chip that attaches to a host item and includes a number to identify the item.